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<<If everyone was an emotionless robot, the ideal situation would be no emergency fund and the
money that would have gone to it used to pay off CC debt. However, If you had that sort of
dicipline, would you have run up the debt in the first place?>>

Good points Crazyfred. To be successful in finance requires an emotionless look at things. Money does not care about feelings it is just based on mathematics. 2 + 2 = 4 no matter what our emotions for it are. It is mathematically much better to not have an emergency fund until AFTER the CC debt is paid off whether we are comfortable with that fact or not.

In fact, the Fools spend a lot of time trying to convince people that they should invest in stocks even though they may not be comfortable with the idea because mathematically it works out much better than sticking the money in a CD. Lots of emotion filled ups and downs but a long term rate of return of 10 to 11 percent.

My take on one of the big advantages of The Motley Fool is that people who did not have the past discipline and knowledge can acquire it.

Bob
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